20.The credit card company charges a 1% fee on all credit card sales. How much...
80.2K
Verified Solution
Link Copied!
Question
Accounting
20.The credit card company charges a 1% fee on all credit card sales. How much credit card expense would company pay if total sales were 200,000 including cash sales of 100,000 and credit card sales of $100,000?
A. $100
B.$200
C.$2,000
D.$1,000
Question 21
How much cash would a company receive if credit card sales were $600,000 and we are charged a 2% fee on credit card sales?
A.$12,000
B.$612,000
C.$588,000
D.$600,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
